Platinum Equity has agreed to take Ulticom (NASDAQ: ULCM) private. Ulticom shareholders will receive $2.33 in cash per share after receiving a special dividend of $5.74 in cash per share. The $8.07 per share total represents a 5% premium. Platinum Equity is making a separate purchase agreement with Comverse Technology, the company's controlling shareholder, in which a portion of the $2.33 will be deferred and at risk based on Ulticom's post-closing financial performance. Ulticom provides signaling component and system solutions for wireless, wireline and internet communications.